Live Feed

The Bank of England is considering measures to protect stablecoins in a manner similar to commercial bank deposits, Bloomberg reported. Deputy Governor Dave Ramsden stated that maintaining long-term trust in stablecoins may require mechanisms analogous to depositor insurance schemes. He added that legal procedures designating stablecoin holders as priority creditors in the event of a bankruptcy could also be necessary. Ramsden noted that the bank is currently reviewing what actions are needed to prepare for the potential failure of systemically important stablecoins.

The South Korean crypto exchange Upbit announced it has resumed deposit and withdrawal services for digital assets on the SUI network following the completion of system maintenance. The affected assets include Sui (SUI), DeepBook (DEEP), Haedal Protocol (HAEDAL), LumiWave (LWA), Momentum (MMT), and Walrus (WAL).

A significant decrease in open interest (OI) in the Bitcoin derivatives market is being viewed as a positive sign of deleveraging, according to an analysis by CryptoQuant contributor Darkpost. The contributor noted that Bitcoin derivatives OI has fallen by 31% since last October, describing it as a healthy signal that excessive leverage is being cleared from the market. Historically, such movements have often established major market bottoms and created momentum for a rebound. However, Darkpost cautioned that if BTC falls further into a full-blown bear market, open interest could decline even more, potentially prolonging the market correction.

The decentralized perpetual futures exchange Aster announced via its official X account that Season 2 of its Human vs. AI trading competition will run from Jan. 22 to Jan. 29. The event, which will be held on the Aster Chain testnet, features a total prize pool of $150,000. Participants will include 40 professional traders, 30 traders selected through an application process, and 30 AI traders. Applications are open until 11:59 p.m. UTC on Jan. 18, and the results will be announced on the Aster platform on Jan. 20. In the previous competition, a human trader nicknamed ProMint won first place in the net profit category. However, the AI team outperformed the human team in the overall team results, posting a total return on investment (ROI) of -4.48% versus the human team's -32.22%.

Argentinian cryptocurrency exchange Lemon has launched a Visa credit card collateralized by BTC, according to Wu Blockchain. The card is reportedly the first of its kind in Argentina, allowing users to access it without a bank account or credit history. Lemon stated that its objective is to enable users to convert their long-term BTC holdings into a practical financial tool for everyday use.

On-chain analytics firm Santiment stated on X that pessimism about Bitcoin surged on social media this week, even as the asset rebounded. The firm noted that markets tend to move contrary to retail investor sentiment. With the strongest levels of FUD (fear, uncertainty, and doubt) observed in the last 10 days, Santiment suggested that Bitcoin could potentially reclaim the $100,000 mark for the first time since Nov. 13 of last year.

Blockchain infrastructure firm Global Settlement Network (GSN) has announced a pilot program to tokenize water purification facilities in Jakarta, Indonesia, Cointelegraph reported. GSN stated that it plans to pursue a $200 million tokenization project across Southeast Asia. In the initial phase, the company will tokenize eight government-contracted facilities to raise $35 million, after which it will pilot a rupiah-based stablecoin payment infrastructure over the next 12 months.

BitMEX co-founder Arthur Hayes predicted in a blog post that Bitcoin will see a renewed rally this year, attributing the potential upswing to increased U.S. dollar liquidity from the Trump administration's aggressive credit expansion policies. Hayes argued that Bitcoin's failure to rally last year was due to a contraction in dollar liquidity. He explained that gold, in contrast, performed strongly because central banks sold U.S. Treasurys to buy the precious metal following the U.S. decision to freeze Russian assets. Meanwhile, the Nasdaq rose despite reduced liquidity, buoyed by the Trump administration's designation of artificial intelligence as a national strategic industry. Hayes believes the Trump administration will seek to aggressively stimulate the economy ahead of the re-election, noting that the Federal Reserve's balance sheet has already begun to expand again. He stated that this injection of liquidity could put BTC back on an upward trajectory. He added that he has personally increased his holdings in Strategy (MSTR) and Metaplanet stock, which he expects to yield higher returns than spot BTC. Hayes also views the recent developer-related issues at Zcash (ZEC) as a buy-the-dip opportunity and is increasing his position in the asset.

Former New York Mayor Eric Adams has denied allegations of a rug pull related to the NYC token he endorsed, stating that he did not move investor funds or personally profit from the project, according to The Block. However, the NYC token project team has acknowledged a liquidity rebalancing occurred shortly after its launch, creating a conflict between the two parties' accounts. The allegations were first raised by on-chain analysis platform Bubblemaps, which reported that it had detected millions of dollars in liquidity withdrawals from wallets associated with the token. The NYC token's market capitalization surged immediately after its launch before plummeting by approximately 80%.

Two anonymous addresses, presumed to belong to crypto market maker Amber Group and the Ethena (ENA) Foundation, deposited a combined 3,956 ETH ($13.24 million) to Coinbase and Binance approximately seven hours ago, according to on-chain analyst The Data Nerd. The analyst added that, in contrast, an address believed to be associated with Arrington Capital withdrew 5,500 ETH ($18.51 million) from Coinbase. Exchange deposits are typically interpreted as a potential intention to sell, while withdrawals suggest an intent to hold or buy.

David Sacks, the White House adviser for AI and cryptocurrency, has urged the industry to resolve its disagreements over a crypto market structure bill, stating on X that its passage is near. He added that now is the time to secure the industry's future and establish a clear path forward. The call for unity follows Coinbase's withdrawal of support for the legislation. The exchange cited several issues, including a de facto ban on tokenized stocks, provisions that could block DeFi, a weakening of the Commodity Futures Trading Commission's (CFTC) authority in favor of the SEC, and the potential for a ban on stablecoin reward features. Consequently, a Senate markup session on the bill, which was scheduled for Jan. 15, has been postponed.

Alchemy Pay (ACH) announced it has secured a Money Transmitter License (MTL) in the U.S. state of South Dakota. The company now holds MTLs in a total of 13 U.S. states.

U.S. spot Ethereum ETFs recorded $175.03 million in net inflows on Jan. 14, marking the third consecutive day of positive flows, according to data from Trader T. No individual ETF experienced net outflows during the day. BlackRock's ETHA led with $81.65 million in inflows, followed by Grayscale's ETH with $43.47 million and its ETHE fund with $32.35 million. Other notable inflows included $7.97 million for Bitwise's ETHW, $5.89 million for Fidelity's FETH, and $3.70 million for VanEck's ETHV.

Google will now require cryptocurrency exchange apps to submit documentation proving they have completed their Virtual Asset Service Provider (VASP) registration with South Korea's Financial Intelligence Unit (FIU) to be listed on the Google Play Store, Digital Asset reported. As a result, exchange apps that fail to meet this requirement will no longer be available for new installation in the country starting Jan. 28. This raises the possibility that global exchanges such as Binance, OKX, and Bybit, which have not completed VASP registration in South Korea, could see their app support discontinued. In response to questions about its plans for VASP registration, Binance stated that the matter has not been discussed internally.

U.S. spot Bitcoin ETFs recorded a net inflow of $838.82 million on Jan. 14, according to data compiled by Trader T. This marks the third consecutive day of net inflows and sets a new three-month high for single-day inflows, surpassing the previous day's record. Inflows were led by BlackRock's IBIT with $646.62 million, followed by Fidelity's FBTC with $125.39 million. Other notable inflows included Ark Invest's ARKB ($27.04 million), Bitwise's BITB ($10.60 million), VanEck's HODL ($8.28 million), Franklin Templeton's EZBC ($5.64 million), and Grayscale's GBTC, which saw an inflow of $15.25 million.

BlackRock's spot Bitcoin ETF (IBIT) recorded a total net inflow of $646.62 million, equivalent to 6,647 BTC, on Jan. 14, according to data from Trader T. This marks the largest single-day inflow for the fund in the past three months. Data on the flows for other spot Bitcoin ETFs on the same day is still being compiled.

Solana Mobile plans to airdrop 1.96 billion of its native SKR tokens on Jan. 21 to holders of its second smartphone, the Seeker, and to app developers, Cointelegraph reported. The airdrop represents 20% of the total SKR supply of 10 billion. The allocation includes 1.82 billion SKR for 100,908 Seeker holders and 141 million SKR for 188 developers. The SKR token will serve as a governance and utility token within the Solana Mobile ecosystem.

According to CoinNess market monitoring, BTC has fallen below $96,000. BTC is trading at $95,986.19 on the Binance USDT market.

Vlad Tenev, co-founder and CEO of the U.S. stock and crypto trading app Robinhood, stated on X that the passage of a crypto market structure bill is necessary to achieve both consumer protection and innovation. He noted that while crypto staking is one of the most requested features by users, the company is unable to offer it in four U.S. states due to regulatory deadlock. Tenev added that stock tokens, which are available in the EU, are also not possible in the U.S.

Binance has announced that it will list the U/USDT and U/USDC margin pairs today at 10:00 a.m. UTC.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $178 million liquidated (86.79% shorts) - ETH: $82.11 million liquidated (64.45% shorts) - RIVER: $10.05 million liquidated (76.92% shorts)

Grayscale, the world's largest crypto asset manager, announced via X that it is considering launching new investment products for several cryptocurrencies. The assets under consideration include ARIAIP, GEOD, Playtron, Poseidon, and Nous Research. ARIAIP is the governance token for the Aria ecosystem, which is used for the on-chain tokenization and distribution of intellectual property like music.

An analysis indicates that long-term Bitcoin holders are not selling their assets, even as the cryptocurrency's price continues to rise. CryptoQuant contributor Carmelo Alemán noted that while BTC has broken through $94,200 to reach $97,500, the Value Days Destroyed (VDD) metric remains low at 0.53 compared to previous bull markets. A low VDD suggests that trading activity is primarily concentrated among short-term holders, while long-term investors are holding firm. Alemán explained that as long as the VDD stays at these low levels, the current upward trend can be considered a healthy bull phase.

The U.S. Senate Banking Committee has decided to postpone a planned markup of a cryptocurrency market structure bill, referred to as the Clarity Act, following Coinbase's withdrawal of its support for the legislation. The development was reported on X by Eleanor Terrett, host of Crypto in America.

Decentralized satellite internet project Spacecoin (SPACE) announced it has signed agreements with governments and telecommunication companies in Africa and Southeast Asia to launch local Proof-of-Concept (PoC) demonstrations for its services. On Jan. 15, the project secured a satellite connection transmission license for Internet of Things (IoT) monitoring in collaboration with the Communications Authority of Kenya. Spacecoin is also pursuing similar satellite connection PoCs with governments and local partners in Cambodia and Indonesia. The company stated that the core of this cooperation is to bridge the communications gap in regions with low internet access and to validate the technology's local applicability. It added that regulatory bodies in key emerging markets have recognized the potential of its technology, leading to these collaborations. Spacecoin plans to complete its initial satellite constellation using its three CTC-1 satellites, which were successfully launched via SpaceX.